One more way the pandemic will hit people's finances: winter heating bills

Data: EIA; Chart: Naema Ahmed/Axios

Here's one more way the pandemic is hitting people's finances: New federal projections show higher winter heating bills, and COVID-19 is partly to blame.

Driving the news: Households that heat with gas, electricity and propane are expected to pay more on average this winter, while heating oil users may see lower bills, per an Energy Information Administration outlook.

The big picture: "More people are working and attending school from home this year, which EIA expects will increase demand for space heating at any given temperature relative to past winters," the agency said.

• NOAA also is forecasting that this winter will be colder than 2019–2020, which would increase home heating needs, the report states.